property & casualty insurers

The outlook for the U.S. property & casualty insurance sector is now negative, according to Fitch Ratings, reflecting the challenging operating environment and expectation that competition is set to increase, while profitability has been on the wane.

Goldman Sachs analysts have published a cautious outlook for the U.S. property & casualty insurance sector for 2014. The analysts say that momentum is slowing which, with catastrophe losses low and reserves high, shows a narrowing window for outperformance.

Figures released by the Insurance Services Office (ISO) and the Property Casualty Insurers Association of America (PCI) clearly show the impact that the severe weather and catastrophes during the first half of 2011 have had on their balance sheets. On average it shows that their net income fell by over 70% in the first half […]